1. Introduction -- 2. Population Forecasting for Fiscal Planning: Issues and Innovations / Ronald Lee and Shripad Tuljapurkar. 2-1. Comment / Daniel McFadden. 2-2. Comment / James P. Smith -- 3. Uncertainty and the Design of Long-Run Fiscal Policy / Alan J. Auerbach and Kevin Hassett. 3-1. Comment / Peter Diamond. 3-2. Comment / Shripad Tuljapurkar -- 4. How Does a Community's Demographic Composition Alter Its Fiscal Burdens? / Thomas Macurdy and Thomas Nechyba. 4-1. Comment / Hilary Williamson Hoynes. 4-2. Comment / Robert J. Willis -- 5. Social Security, Retirement Incentives, and Retirement Behavior: An International Perspective / Jonathan Gruber and David Wise. 5-1. Comment / Axel Borsch-Supan. 5-2. Comment / Massimo Livi-Bacci -- 6. Aging, Fiscal Policy, and Social Insurance: A European Perspective / Bernd Raffelhuschen. 6-1. Comment / David N. Weil. 6-2. Comment / David R. Weir -- 7. Demographics and Medical Care Spending: Standard and Nonstandard Effects / David M. Cutler and Louise Sheiner. 7-1. Comment / Victor R. Fuchs -- 8. Projecting Social Security's Finances and Its Treatment of Postwar Americans / Steven Caldwell, Alla Gantman and Jagadeesh Gokhale / [and others]. 8-1. Comment / Nada Eissa -- 9. Demographic Change and Public Assistance Expenditures / Robert A. Moffitt. 9-1. Comment / David Card. 9-2. Comment / S. Philip Morgan.
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SUMMARY OR ABSTRACT
Text of Note
As public expenditures on health, education and transfer programmes increase, demographic change has a growing impact on public expenditures, and the incentives for behaviour created by public transfer programs increase as well. The essays in this volume discuss such topics as: demographic change and the outlook for Social Security and Medicare in the United States; long-term decision making under uncertainty; the effect of changing family structure on government spending; how the structure of public retirement policies has encouraged early retirement in some countries and not others; the response of local community spending to demographic change; and related topics. Contributors include many of the world's leading public finance economists and economic demographers.